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tv   World Business Report  BBC News  July 5, 2017 5:30am-5:46am BST

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this is bbc news — the headlines. the us and south korea havejointly warned north korea that war cannot be ruled out — following pyongyang's intercontinental ballistic missile test on tuesday. north korea called the test an independence day gift to america. the un security council is due to meet later today to discuss the issue. the north may now be able to fire a missile as far as alaska. however — experts say it's still doubtful the missile is capable of carrying a nuclear warhead. thousands of people are continuing to march across turkey — from ankara to istanbul — in protest at the government of president erdogan. it has become an act of defiance against what they see as the erosion of democracy. the european commission has released a new action plan to reduce the numbers of migrants crossing the mediterranean. ninety million dollars is being provided to stem the flow into italy — which has borne the brunt of the crisis. now it's time for world business report. stuck in reverse gear!
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general motors is hoping to get the all clear for the sale of its loss—making brand opel. but is the traditional car industry coming to an end? we'll get a hands—on look at the latest in driverless technology. welcome to world business report. i'm rachel horne. today the eu commission will decide whether or not to give the green light to general motors for the $2.5bn sale of its european operations. gm is hoping to offload vauxhall and opel to the psa group — that's the french company which owns peugeot and citroen. it's easy to see why general motors wants to sell — their european operation, which is dominated by opel, has lost about $9.1 billion since 2009.
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if successful, the deal would make psa the continent's second—biggest car maker after volkswagen and ahead of french rival renault. opel employs 38,000 people across europe but it's feared the sale could put thousands of those jobs under threat with workers in the uk and germany considered to be most at risk. with me is anna—marie baisden, head of autos at bmi research. what you expect in the eu to say today? don't think we expect to see a problem with the deal. nobody so far has raised any issues with it. it will make them a very big group, as you said. still very much performing as separate brands, i think, so we don't expect a problem. looking at the figures, this european division has lost over $9 billion so why would psa group want to buy it? some of the comments that
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have come from the chief executive of psa is that he wants to bring best practices to the group. that they can maybe use opel to get into markets where french companies don't have such a good foothold. they definitely see some potential in having the opel brand. what could it mean for jobs? having the opel brand. what could it mean forjobs? is definitely a risk on both sides. we have already seen psa saying they will commit to the promises that were made to gm staff in the uk. obviously in europe as well, it's a big risk. they will have about 50 plants between them. i think certainly we will see some scale backs. if the deal goes ahead and psa takes over these subsidiaries, if we have hard brexit, what would it mean to the
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car industry here? we have talked about a hard brexit being a big threat and not having access to the single market but there has been talk of opportunities that psa would be able to build in britain and models for britain. there is and the foreign exchange exposure so it would actually give them some opportunities by having facilities both on mainland europe and in the uk. that would require quite a lot of development. parts of the cards are altered in mainland europe and then back into the uk where it is placed into an engine that if this ha rd placed into an engine that if this hard brexit happens and if psa had taken over these factories in the uk, they might develop those factories in the uk? they have talked about a need for developing the local supply chain which could only be a good thing to the british industry and could help some of the
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other brands in the uk to see that we could develop the industry more here. thank you. being the first to get a mass market autonomous vehicle onto the streets of our towns and cities is a top priority for carmakers on both sides of the atlantic. but with the likes of uber, google and apple leading the charge in the us, german carmakers are desperate not to be left on the starting grid. joe miller reports. inside this tesla model is in thai german. this is a fully repurposed automated driving car developed by bosch. the blue parties where we are driving automated and while you're doing that, could connect with your smart fridge at home. a motorcycle
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just told us it was coming from the left. the red and white dots others laser points. —— aviles appoints. the cartels now can activate the system. i pushed the two buttons. voiceover the car is now control i'iow. voiceover the car is now control now. the card now turned to orange. —— the road now turns. now. the card now turned to orange. -- the road now turns. thanks very much. the german government has approved the law to allow safe
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driving cars on regular roads but the question now is whether it german manufacturers can beat their american competitors and bosch is pinning its hopes on its relationship with mercedes. it's not just the technology but the question of the legals and insurances to come in the market. it's notjust about regulation, germans may still need some convincing to embrace automation on their autobahns but the country's top carmakers are hoping that their self driving vehicles will become too convenient to resist. senior european union officials are holding talks with nations in the asean bloc — this is a group of countries in southeast asia. the negotiations are aimed at promoting trade between the two regions. rico hizonjoins us from our asia business hub in singapore. rico, what can you tell us? are talks have now been ongoing for
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eight years. some stops and starts along the way. it started in 2009 and negotiators are hoping that a free—trade deal will be completed sooner free—trade deal will be completed sooner rather than later. already, the two groups are major trading partners with each other after china, the eu comes second when it comes to the amount of goods and services that they trade with the region totally nearly $280 billion in 2013. that is almost 13% of trade. when it comes to direct investments, the eu is the largest source of investment into the asean region. but, there are major sticking point both sides need to resolve. if it is a tariff only deal, that would be easy at the eu wa nts deal, that would be easy at the eu wants some major concerns to be resolved. labour rights, environmental protection as well as
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access to the services sector and getting rid of the negative investment list. this is as asean countries are in different stages of economic development. some watchers say after the pullout by the us by the tra ns—pacific partnership, say after the pullout by the us by the trans—pacific partnership, they we re the trans—pacific partnership, they were to step up the process in the region made up of more than 600 million consumers. fairly subdued trading in the markets in asia. the news of north korea's missile launch yesterday has impacted on the asian markets— trading subdued — safe havens like yen and gold attracting investors. no movement from america to spark any enthusiasm on the asian markets
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as it was independence day yesterday. the geopolitical tensions, both north korea, issues with qatar, you would expect oil to be breaking through $50 a barrel as it is seen as a bit more of the sta bles it is seen as a bit more of the stables state haven. there is that issue of oversupply so that is at continued concern. you can see the yen is slightly up. don't forget you can get in touch with me and some of the team on twitter. i'm @bbcrachelhorne ijust want i just want to tell you about how police repeatedly failed the disabled refugee who sought the help before being murdered in bristol four years ago. that's according to a report by the independent police complaints commission. jon kay reports. bijan ebrahimi. he told police
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dozens bijan ebrahimi. he told police d oze ns of bijan ebrahimi. he told police dozens of times that his life was in danger. do whatever you can. white what part of the quite do you not understand! shut up! it shows that he was repeatedly failed by the police, treated as a nuisance, not bya police, treated as a nuisance, not by a victim. in 2012, he was eaten by a victim. in 2012, he was eaten bya by a victim. in 2012, he was eaten by a neighbour and set on fire. they we re by a neighbour and set on fire. they were systematic failures in the way he was dealt with. today's report i’u ns he was dealt with. today's report ru ns to he was dealt with. today's report runs to hundreds of pages and it says this whole case has laid bare wood calls that this respect, the prejudice and even contempt with which some officers and staff treated lee —— bijan ebrahimi in the days before he died. just coming to terms with what happened to him. it was devastating. he always thought he was in a country that police are
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there to protect people. he couldn't see anything beyond that. last year, pc kevin duffy and community support officer with jailed after being convicted. we accept that we failed bijan ebrahimi at his time of greatest need and throughout that time, he was respectful and he had confidence and trust in us, the police. and we let him down and that, we are sorry. haven and somerset police have improved the way that they deal with vulnerable people as a result of this and bijan ebrahimi's sisters are still waiting for the report. this is bbc news. the latest headlines: the us and south korea havejointly warned north korea that war cannot be ruled out following pyongyang's intercontinental ballistic
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missile test on tuesday. north korea called the test an independence day gift to america. the un security council is due to meet later today to discuss the issue. the north may now be able to fire a missile as far as alaska. however, experts say it's still doubtful the missile is capable of carrying a nuclear warhead. thousands of people are continuing to march across turkey, from ankara to istanbul, in protest at the government of president erdogan. it has become an act of defiance against what they see as the erosion of democracy. the european commission has released a new action plan to reduce the numbers of migrants crossing the mediterranean. $90 million is being provided to stem the flow into italy, which has borne the brunt of the crisis. now it is time for our newspaper review.
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rachel has joined rachel hasjoined me. because it is north korea, we thought it would be interesting to see how the south china morning post covers the diplomatic fallout. north korea's first successful launch of an intercontinental ballistic missile — a weapon pyongyang claims ‘can now reach‘ the united states. the financial times leads with chinese president xi jinping agreeing to loan sanction—hit russia nearly $11 billion. the deal was announced during his visit to moscow to meet russian counterpart vladimir putin. the foreign ministers of the four arab nations boycotting qatar for allegedly supporting terrorism will meet in cairo to discuss doha's response to their 13 demands. that's according to the gulf news. the arab news, meanwhile, covers the final leg of a march in turkey, from ankara to istanbul. it began with a few hundred people and it's swelled to more than 20,000.
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started by the leader of the country's main opposition party, demonstrators are protesting the perceived lack ofjustice in turkey's judicial system. the daily telegraph reports a lack of eligible men has left an "oversupply" of educated women taking desperate steps to preserve their fertility, according to a global study on egg freezing. and roger federer has urged wimbledon officials to reconsider its rules to stop injured players from turning up for an easy pay cheque only to drop out. it reports two retirements on centre court on tuesday left the crowd feeling short—changed. so, a full review. with us is jane foley, a senior strategist at rabobank.

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